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$HAL said that based upon its current forecast and expected earnings mix, the company expects to recognize about $10-15MM of tax expense in 2Q16. In Eastern hemisphere, $HAL expects 2Q16 revenue to come in at similar levels as 1Q16, but with margins lower by 300-400 BP. In Latin America, revenue is expected to decline by upper single digit.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?